Barclays (LON:BARC) analyst David E. Strauss maintained a Buy rating on Raytheon Technologies on Wednesday, setting a price target of $83, which is approximately 17.61% above the present share price of $70.57.
E. Strauss expects Raytheon Technologies to post earnings per share (EPS) of $0.17 for the fourth quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Raytheon Technologies, with an average price target of $79.78.
The analysts price targets range from a high of $90 to a low of $70.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $14.75 billion and a net profit of $434 million. The company's market cap is $110.7 billion.
According to TipRanks.com, Barclays analyst David E. Strauss is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.4% and a 51.97% success rate.
United Technologies Corp (NYSE:RTX). engages in the provision of products and services to the building systems and aerospace industries worldwide. It operates through the following business segments: Otis; Carrier; Pratt and Whitney; and Collins Aerospace Systems. The Otis segment designs, manufactures, sells, and installs elevators, escalators, moving walkways, and service. The Carrier segment provides heating, ventilating, air conditioning, and refrigeration solutions. The Pratt and Whitney segment includes aircraft engines for the commercial, military, business jet, and general aviation markets. The Collins Aerospace Systems segment offers technologically advanced aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military, space and undersea operations. The company was founded in 1934 and is headquartered in Farmington, CT.